Geithner– The Epitome of Irrelevance

Tim Geithner, the Secretary of the Treasury. Alexander Hamilton, the Secretary of the Treasury. Timmy does not quite measure up. I just can’t picture Timmy debating the virtues of a strong central bank with Thomas Jefferson nor lobbying George Washington on the establishment of a strong centrally controlled treasury.

Geithner declared Sunday, “It’s responsible to let the tax cuts expire that just go to 2 percent to 3 percent of Americans, the highest earning Americans,”. HUH? If it is a good thing to cut tax rates on everyone else to ostensibly to increase revenues, like every other tax cut has accomplished, then why exempt the top 2 or 3 percent. You don’t need the extra revenue in the treasury? Oh I forgot, Geithner later explained that keeping the tax on the top 2 or 3 percent would show other nations, i.e. Europe, China, etc., that the United States is serious about cutting the deficit. Hold the phone. If tax increases decrease treasury revenues, how is this helping to reduce the deficit?

Timmy, at least be honest with yourself and the American Taxpayer, your real boss. You and your short term boss, Obama, simply believe in, are committed to, and will push as hard as possible to redistribute wealth from the top 2 or 3% to those you believe are more deserving.